With his eye on a lovely aristocrat, a gifted illusionist named Eisenheim uses his powers to win her away from her betrothed, a crowned prince. But Eisenheim's scheme creates tumult within the monarchy and ignites the suspicion of a dogged inspector.

Plot:
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Eisenheim is a stage magician who amazes the audiences of turn-of-the-century Vienna, drawing the attention of Crown Prince Leopold. When the Prince's intended, Sophie von Teschen, assists the magician onstage, Eisenheim and Sophie recognize each other from their childhoods -- and a dormant love affair is rekindled. As the clandestine romance continues, Chief Inspector Uhl is charged by Leopold to expose Eisenheim, and Eisenheim prepares to execute his greatest illusion yet.